Building planning increased in July according to the Dodge Momentum Index published by Dodge Data & Analytics. The Index, which is a monthly measure of the initial report for nonresidential building projects in planning, rose 5.4 percent to a reading of 125.3 from 118.9 in June.
After see-sawing in the first half of the year, the Index has returned to the rising trend it showed during the past four years. According to Dodge Analytics, “Improving real estate market fundamentals in the commercial sector and increased bond-related funding for institutional projects should continue to exert a positive influence over the Index through the remainder of 2015.”
Institutional planning rose 6 percent due to six new projects that exceeded $100 million. Commercial planning was up 4.9 percent with seven $100 million+ projects initiated.
Richard Branch, Senior Economist for Dodge Data and Analytics will be one of the speakers at this year’s Steel Summit Conference on September 1st and 2nd.
Below is a graph showing the history of the Dodge Momentum Index. You will need to view the graph on our website to use it’s interactive features, you can do so by clicking here. If you need assistance with either logging in or navigating the website, please contact our office at 800-432-3475 or info@SteelMarketUpdate.com
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